|10-22-2014, 09:45 PM||#1|
Jazeera Airways posts best quarter in the company`s history
Kuwait`s low cost airline of choice in the Middle East, Jazeera Airways Group, posted today the company`s best quarter in history
Jazeera Airways reported a record net profit of KD8.1 million ($28 million) for the third quarter of 2014; representing a firm significant incline of 22.6 percent on the year-earlier period.
The company announced its operating revenue that climbed strongly as well by 15.2 percent within the third quarter to KD23.1 million while the number of passengers flown grew by more than 10 percent.
“Despite the continued political unrest in several areas of our network, the company managed to deliver the best earnings in the history of our nine-year old airline," said Jazeera Airways Group chairman Marwan Boodai.
"That’s not to say that Jazeera Airways wasn’t impacted by the rise of hot spots in our region. In fact, like many of our peers, some of the destination flights paths had to be rerouted to ensure the safety of our passengers and crews, and that resulted in more flying hours," he added.
The recent financial results of Jazeera Airways Group confirms that it continues on leading the low cost airline market of the Middle East serving efficiently 20 destinations in the region including Dubai, Bahrain, Beirut, Alexandria, Amman, Istanbul, Sharm El Sheikh, Assiut, Luxor, Mashhad, Sohag, Jeddah, Riyadh, and Cairo.
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